January 29, 2019

Norwegian Air Shuttle increases flexibility with NOK3 billion rights issue

Through a fully underwritten NOK3 billion rights issue, Norwegian Air Shuttle ASA (Norwegian) is looking to change the focus of the company from growth to profitability, thus capitalizing on the market position and scale it has achieved over recent years. The intention now is to reduce capital expenditure through a combination of aircraft divestment, including […]

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Team of industry pros join GA Telesis LIFT Group

People

A team comprised of senior asset leasing and trading executives has joined GA Telesis LIFT Group (Leasing, Investments, Finance and Trading Group). Stuart Cauff, Luis Ayala, and Jonathan Cauff, formerly principals at Jet Trading and Leasing (JTL), were all named Managing Directors of GA Telesis’ Asset Transaction Group, the leasing and trading division of the

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Air Lease Corporation delivers first A321-200neo to Vietnam Airlines

Aircraft & Engines

Air Lease Corporation (ALC) has delivered one new Airbus A321-200neo aircraft, featuring PW1130G engines, on long-term lease to Vietnam Airlines. This aircraft is the first of 12 new A321-200neos scheduled to deliver to Vietnam Airlines through 2019 from ALC’s order book with Airbus. In addition to the 12 new Airbus A321-200neo aircraft, Vietnam Airlines is

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GKN Aerospace demonstrates new nozzle technologies

MRO & Production

The ETID (Expander Technology Integrated Demonstrator) Nozzle Extension builds on GKN Aerospace’s patented manufacturing method for actively cooled nozzle extensions, i.e. the so-called “Sandwich” laser welded channel wall technology. The sandwich has a reinforcement jacket using additive manufacturing in the form of laser wire deposition. ETID is part of the ESA funded Future Launcher Preparatory

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ANA to place aircraft orders with Boeing and Airbus

Aircraft & Engines, Top Stories

ANA Holdings voted at its board meeting to place an order for a total of 48 aircraft, which include 30 Boeing 737 MAX 8 and 18 Airbus A320neo. Deliveries are scheduled from FY2021 to FY2025. The decision was based on the economic growth of Asia and emerging countries, with demand in the Asian aviation market.

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UNEX becomes new BARIG business partner

Other News

The Board of Airline Representatives (BARIG), the association representing the mutual interests of over 120 German and international airlines operating in Germany, expands its range of Business Partners by adding the UNEX Management Consulting Group. The consultancy’s portfolio also includes the unit UNEX Travel & Transport. Besides strategical advice, UNEX Management Consulting Group also offers

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Flybondi plans expansion

Airlines & Routes

Flybondi, the first ultra-low-cost airline in Argentina, celebrated one year since the beginning of its operations. The pioneer company in its category made an important investment in the country and was one of the main ones in the generation of Argentine jobs and indirect jobs, besides boosting local economies in the destinations to which it

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Craig Winfrey joins HAECO ITM

People

Craig Winfrey has joined HAECO ITM as Vice President Sales & Marketing, Aircraft Components. Winfrey will oversee the business areas of inventory technical management and component overhaul. Prior to joining HAECO ITM, Winfrey was Head of Services, Strategy and Business Development at Bombardier Transportation. In this role, he was responsible for developing and executing the

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Ryanair acquires 100% of Laudamotion

Financial

Laudamotion has confirmed that Ryanair has completed the purchase of 100% shareholding in Laudamotion in late December. Laudamotion now becomes a 100% subsidiary of Ryanair Holdings. With the support of Ryanair Holdings, Laudamotion announces a series of growth initiatives, which includes: increasing Lauda’s fleet to 25 aircraft in summer ’19 (from 19 in S2018). Lauda

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